Schedule a Call Back
India's green hydrogen initiative garners interest, major players sit out initial subsidy auction
Industry News- Dec 08,23
Initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC, and Adani Enterprises opted out of the bidding process.
India's initial round of subsidies for its $2.4 billion green hydrogen initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC Ltd, and Adani Enterprises Ltd opted out of the bidding process, as per sources familiar with the matter.
Unofficial reports suggest that Acme Solar Holdings and Avaada Group were contenders in the auction aimed at constructing a total capacity of 450,000 tons per year of green hydrogen. However, NTPC Ltd and Adani Enterprises Ltd, despite having their own green hydrogen plans, chose not to participate.
The Solar Energy Corp of India Ltd, the organising body, decided to extend the submission deadline by 10 days until December 14, possibly in a bid to attract additional participants.
There has been no immediate response from spokespersons at Sembcorp, Acme, AM Green, Avaada, Adani, and NTPC to requests for comments. The Ministry of Renewable Energy also did not provide an immediate response. JSW Energy declined to offer any comments.
India's ambitious plan aims to generate 5 million tons of green hydrogen annually, crucial for decarbonising challenging industries like oil refining, fertilisers, steel, and shipping. Facing reluctance from local companies due to high initial costs, India is shifting its focus to exports, seeking agreements with European and Southeast Asian economies, while simultaneously intensifying domestic subsidy efforts.
The newly announced subsidies span the first three years of production, offering incentives of up to 50 rupees ($0.6) per kilogram in the first year, 40 rupees in the second year, and 30 rupees per kilogram in the third year, according to the bid documents.
Source: Business Standard
India
Sembcorp Industries
JSW Energy Ltd
AM Green
Acme Solar Holdings
Avaada Group
NTPC Ltd
Adani Enterprises Ltd
Solar Energy Corp of India
Southeast Asian
Related Stories
Aerospace Defence
PM Modi inaugurates Boeing’s largest campus outside USA in Bengaluru, India
Prime Minister Modi advocates for building an aircraft manufacturing ecosystem in India during the inauguration of Boeing's new campus in Bengaluru, highlighting the nation's potential and governmen..
Read moreAerospace Defence
PM Modi inaugurates Boeing’s largest campus outside USA in Bengaluru, India
Prime Minister Modi advocates for building an aircraft manufacturing ecosystem in India during the inauguration of Boeing's new campus in Bengaluru, highlighting the nation's potential and governmen..
Read moreProcess Equipment
India exports medical consumables & disposables worth $1.6 billion in FY 2022-23
India became a net exporter of medical consumables and disposables in fiscal year 2022-23, exporting $1.6 billion worth while importing $1.1 billion, marking a reversal in a longstanding trend.
Read moreRelated Products
Air Generators
GAS GENERATION & GAS PURIFICATION PLANTS
Enersys offers a wide range of hot air generators. Read more
Gas Roaster
GAS GENERATION & GAS PURIFICATION PLANTS
Fans Bro Erectors offers roaster machine with LPG/CNG gas heating arrangements. Read more
Gas Purification System
GAS GENERATION & GAS PURIFICATION PLANTS
PCI Analytics offers a wide range of GC gas purification system. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
